Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Observers have questioned why the country is issuing debt at this price
The seven year dollar bond's yield will likely be one of the highest in CEEMEA in the last few years
The familiar problem of inter-creditor opacity has also reappeared
Company in 'no doubt' a public trade would have delivered better pricing
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The South African equity market got the trade it had been waiting for this week when Steinhoff International, the embattled retail conglomerate, sold a portion of its stake in Steinhoff Africa Retail, the African subsidiary it span off last year, to raise funds to reduce its debt.
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Equities bankers are trumpeting a wave of new enthusiasm for Africa and two new deals are set to try to capitalise on this momentum.
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Seven new banks have joined Stanbic Kenya's loan, which will be signed on Thursday, leading to a heavy oversubscription, but the borrower declined to take any more money than the $100m it had set out to raise.
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Egypt paid a generous spread to access euros on Monday, during a volatile day for emerging market assets.
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Yvette Babb, a strategist in JP Morgan’s emerging markets research team, has joined NN Investment Partners.
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FirstRand Bank has announced plans for a three day global roadshow ahead of a planned inaugural dollar-denominated tier two issue.